Motilal Nehru National Institute of Technology Allahabad
Prayagraj
Online GIAN course on “Designing Money in Connected World – Digital
Currency and Payments Systems”
January 17 to January 21, 2022 (One Week)
Overview
For millennia, man has required a way to facilitate the exchange of goods and services and payment
of debts. From metal and paper to bits and bytes, money has long been a ubiquitous feature of society.
But in an increasingly virtual world in which convenience is everything, are paper and plastic still viable
forms of payment? The rise of a new digital currency is only the latest step in the virtualization of
money, and whether or not it gains traction, it’s clear the future of your wallet lies in the cloud.
Digital currencies have many different features. They are a peer-to-peer network, a distributed public
database (i.e., the block chain), an Internet protocol, a software client, and a digital (crypto) asset (i.e.,
token) which you can own and transfer to another party. The use cases for crypto currencies may be
grouped into four major categories: (a) speculative digital asset/investment; (b) medium of exchange;
(c) payment trail; and (d) non-monetary use cases. The emergence of crypto-currencies as a new
method of payment has broad implications for illicit actors, consumers, the official sector, and
financial institutions. There are significant risks and challenges that must be overcome before these
users adopt and accept crypto-currencies to conduct financial transactions on a large scale. This
adoption will require adaptation of the crypto-currency protocols to meet the requirements of each
of these perspectives. In this course, we will explore the risks and challenges for the use of digital
(crypto) currencies as an alternative to traditional currencies for various stakeholders.
Course Objectives
The primary objectives of the course are as follows:
1. Exposing participants of the Payment systems: Differences and relationships between digital
currency and digital payment solutions.
2. Introducing the concept of Crypto currency and further discussion about data structures and
algorithms to implement efficient payment mechanisms.
3. Briefly discuss social, economic and political implications, the risks and benefits to society and
businesses.
4. Provide a brief review of Regulatory and Governance aspects and familiarizing the participants
about various international laws and regulations for cross border payments.
5. Enhancing the capability of the participants to identify and evaluate some of the key
technologies and recommendations for India to become a world leader in this area.
Learning Outcomes
After completing this course, the audience/recipients should:
1. Understand the role of money in our lives, current state of financial transactions, and
inefficiencies therein. They should also understand various participants and externalities in the
system.
2. Understand the difference between digital currency and digital payments, their relationship
and dependencies. Understand various risks associated with digital payments and associated
risk-mitigating strategies. They will also get to know the arguments for having digital
implementation of one or both.
3. Understand technology implications inherent in a networked society for a payment solution.
They will also learn about the current developments in algorithms and data structures
influencing efficient design of payments systems. They will be exposed to Cryptography, Merkle
trees, Blockchains and Distributed Ledger technology.
4. Understand economic and social implications of digital currency in the context of privacy,
inclusion, transparency and governance. They will also be introduced to various regulatory
challenges and devices employed by governments.
5. Understand how developments for modernizing currencies and payments have taken place in
countries like India.
6. Understand some of the key technologies and their implementation and how to become
pioneer in this field.
Programme Schedule
Dates: Jan 17th - Jan 21st, 2022
Location: Online Programme using Web-conferencing system (MNNIT Allahabad)
Course Schedule: 17th Jan 2022 Lecture-1: 1 hr: PV: Money cycle, Currency, Payments
Lecture 2: 1 hr: PV: Settlement and Clearing
Lecture 3: 2 hrs: PV: Brief history of Money, transactions and
payments
th
18 Jan 2022 Lecture 1: 2 hrs: PV: Cryptography, Payment systems – SWIFT,
Ripple
Lecture 2: 2 hrs: RT: Cryptography and Digital Mobile Payment
System
19th Jan 2022 Lecture 1: 2 hrs: PV: Merkle Trees, Block Chains
Lecture 2: 2 hrs: GPS: Blockchain and its application
20th Jan 2022 Lecture 1: 1 hr: PV: Bitcoin and other crypto currencies
Lecture 2: 2 hrs: PV: Digital Ledger and Smart contracts
Lecture 3: 1 hr: GPS: Case Study
21st Jan 2022 Lecture 1: 2 hrs: PV: Governance, Oversight and regulations; Cross
border payments; Economic and Social
implications
Lecture 2: 1 hr: PV: Review submitted case study solution;
Presentation by selected participants
Lecture 3: 1 hr: RT: Case study
Who can attend? Professionals from both private and public sectors interested in learning about and the
Digital Currency
Faculty and Researchers from various institutions and universities
Student at all levels (B.Com./B.Tech./MBA/M.Com./M.Sc./M.Tech./PhD)
Course Fee: One-Time GIAN Registration: Please visit http://www.gian.iitkgp.ac.in/GREGN/ and
register by paying Rs. 500/- (those who have already been paid, need not pay again).
The participation fees for attending the course is as follows:
Participants from abroad: US$ 100
Industry/ Research Organizations: Rs. 1000
Academic Institutions (Faculty members): Rs. 500
Academic Institutions (Students/Research scholars): Rs. 300
The above fee includes all instructional materials (soft copy only).
Minimum 90% attendance necessary to be eligible for certificate
Appearing for evaluations/examinations during the course is necessary for certificate of
grades in the course.
Bank Account The Course Participation fee is required to be deposited in the bank account
Details: mentioned below through online transfer or bank deposit; the account detail is as
under:
Account Name: GIAN-DMCW-2022
Account No.: 77660200001307
Bank Name: Bank of Baroda
Branch: MNNIT Allahabad U.P. India
IFSC Code: BARB0VJMNRE
Last Date of Registration: January 14, 2022
International Expert:
Prof. Prabhat Vaish, (Professor of Practice, Informatics, New Jersey Institute of
Technology, New Jersey, USA) is a Senior Technology Executive, Innovation and
business change champion with a demonstrated track record of developing
disruptive technologies, implementing emerging IT solutions, and optimizing
the use of legacy systems to create a competitive market advantage, expand
capabilities, and strengthen governance, risk and compliance. He is Global
technology strategy leader with extensive experience in the development of
financial services risk and trading products. He blends a strategic perspective
with detail-oriented tactical approach to manage costs, enhance productivity, and revenue growth.
He is a strong consensus builder with a deep business understanding and extensive IT product
knowledge. His key strengths are: Strategic Planning, Global Team Leadership, Governance, Project
Management, FX, Rates, Equity & Credit Derivatives, Trading & Risk Systems, Basel II, SOX, DFA, CCAR,
Cloud Computing, Big Data/Analytics, Machine Learning, Product Development, Java, Python, R,
TensorFlow and related areas.
Host Faculty:
Prof. Rajeev Tripathi completed his B. Tech. in 1986, M. Tech. in 1992 and PhD in
1998 from the University of Allahabad. He joined MNNIT Allahabad as a faculty
member in 1988 and is currently a Professor since 2005. He was faculty member at
The University of The West Indies, St. Augustine, Trinidad (WI) from 2002 to 2004. He
was Visiting Faculty at School of Engineering Liverpool John Moores University U.K. in
the year 1998 and 1999. Besides vast teaching and research experience of around 30
years, he also has a vast administrative experience at MNNIT Allahabad. He worked
as Vice-President Gymkhana from 1998 to 2000, Faculty In charge Communications from 1996 to
2013, Coordinator, Quality Improvement Program (QIP) from 2005 to 2016, Chairman, Senate Post
Graduate Committee from 2005 to 2009, Dean, Academic Affairs from 2009 to 2011, Head,
Department of Electronics and Communication Engineering from 2011 to 2013, and Professor In
charge, Training and Placement from 2011 to 2016.
Prof. Tripathi has made pioneering research contributions and has solved a number of open
problems. He has published more than 160 papers in international journals and conferences of repute
and supervised nineteen Ph.D. students. He has worked closely with Government as well as industry
on various problems and has successfully led and completed large projects and programmes at
national and international levels. Important among them include sponsored project by Govt. of India
and British Govt. under Indo-UK Science and Technology Research Fund and project sponsored by
Ministry of Human Resource Development, Government of India. He is a well-known teacher and
mentor who has not only graduated a large number of students and developed well appreciated
teaching modules but has also motivated and mentored many students’ innovation and
entrepreneurial activities which have achieved unique successes.
Prof. Tripathi has pioneered personnel and Institute level research collaboration with foreign
universities and visited several countries in this regard. Important among them include Liverpool John
Moores University, Liverpool, U.K., The University of The West Indies, St. Augustine, Trinidad (WI),
Barbados campus of University of West Indies, Moncton New Burnswick, Canada, University of
Waterloo (UoW), Waterloo, Canada, Spain, U.S.A., etc.
Prof. Tripathi worked as reviewer of many international journals including IEEE Communication
Letters, Adhoc Networks, Elsevier, Wireless Personal Communication Springer, International Journal
of Electronics, Taylor and Francis, IETE Journal of Research, Taylor and Francis and West Indian Journal
of Engineering. He has organized many international conferences in the capacity of conference chair
and co-chair and served as program committee of several international conferences of repute in the
area of wireless communication and networking. Prof. Tripathi is a senior member of IEEE, USA, Life
Fellow of Institution of Electronics & Telecommunication Engineers (IETE), India, Life Member of
Institution of Engineers (IE), India, Life Member of Indian Society of Technical Education (ISTE), India
and Life Member of Indian Institute of Public Administration (IIPA), India.
Prof. G. P. Sahu is Professor and former Head, School of Management Studies,
Motilal Nehru National Institute of Technology Allahabad, India. He has more than
23 years of teaching and research experience. He completed his one-year Post-
Doctoral Fellowship program from California State University Monterey Bay,
California, US and PhD in Management from Indian Institute of Technology Delhi,
India. His research interests are in the areas of MIS, E-governance, Green Information
Systems, Digital Marketing, etc. Prof. Sahu has published around 90 research papers in international
journals and conferences. He has coordinated a few international conferences. He has edited nine
books in the area of MIS and E-governance. Prof. Sahu has acted as a reviewer for many international
journals. He is also a Guest Editor with International Journal of Electronic Governance. Prof. Sahu is
Chairperson of Special Interest Group on E-Governance, Computer Society of India; he has been on
the jury for the CSI-Nihilent E- governance National Awards, India.
Contact:
Coordinator Co-Coordinator and
Local Coordinator, GIAN
Prof. Rajeev Tripathi Prof. G. P. Sahu
Director Professor, SMS
MNNIT Allahabad, Prayagraj- 211004, India. MNNIT Allahabad, Prayagraj – 211004, India.
Professor, ECED, MNNIT Allahabad Tel: +91-9305508002
Email: rt@mnnit.ac.in Email: gsahu@mnnit.ac.in
